 \textit{ } &  \multicolumn{2}{c}{ log(Wage)}   &  \multicolumn{2}{c}{ log(Wage)}     \\ 
                    &\multicolumn{1}{c}{Est.}&\multicolumn{1}{c}{S.E.}&\multicolumn{1}{c}{Est.}&\multicolumn{1}{c}{S.E.}\\
 \hline  &&&\\   
log(Employment)     &       1.296&       0.214&      -0.043&       0.109\\
 &&&&\\   Market-Year FE &      \multicolumn{2}{c}{No} &        \multicolumn{2}{c}{Yes} \\ First-stage F-statistic &       \multicolumn{2}{c}{265} &       \multicolumn{2}{c}{46.1}\\    Observations &        \multicolumn{2}{c}{4808} &       \multicolumn{2}{c}{3982} \\  \hline    
